When I kickstarted my retirement planning project this year, I asked myself two question. When should I retire and how much do I need to retire. 80 is the new 60 when it comes to retirement ? The Singapore paper highlighted that more are living beyond 100 years old and that the average livespan of a lady has increased to 84.5 years old !!! I remembered receiving quite a number of sms from friends that day exclaiming that they really don’t want to live THAT long. How ironic, our ancestors spend all their life seeking longevity while our generation prays hard that they don’t live that long. http://www.straitstimes.com/the-big-story/case-you-missed-it/story/more-living-100-years-old-singapore-20130702 Another disturbing trend observed in US is that 80 seemed to be the new 60 when it comes to retirement since the 2008 financial crisis. http://nypost.com/2013/11/16/80-is-the-new-60-when-it-comes-to-retirement/ How much do I spend yearly ? I always thought that I spend approximately SGD ...